St. Regis Bal Harbour Resort Secures $263M Refi After Special Servicing
Fortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property. The New York-based lender assumed $188 million in existing debt and…
Fortress Investment Group has rescued Al Rayyan Tourism Investment Company (ARTIC)’s St. Regis Bal Harbour Resort out of special servicing, supplying a $263 million loan to refinance the oceanfront property. The New York-based lender assumed $188 million in existing debt and…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine refinancing transaction involving a large commercial property exiting special servicing, which is notable for the parties involved but does not materially affect broader credit markets or underwriting standards.